Reasons to invest in the project D31, Vilnius I:
A prime location, just 50 meters from the Neris River, surrounded by greenery, with easy access to Vilnius city centre;
Development of 17 residential units and 17 ground parking spaces;
Monthly interest payments with an attractive annual return of 9.25% – 10.5% plus an additional fixed annual capital gains of 1.5% (payable at the end of the project);
Proven experience of the project owner, with successful completions of similar projects on the InRento platform;
Expected profit from property sales reaching up to EUR 400,000;
The loan-to-value (LTV) ratio for this stage of the project is only 40%, with a maximum LTV ratio of 70%;
An independent appraiser has valued the financed property at EUR 849,000.
The InRento team presents a new buy-to-let project: D31, Vilnius I. The investment offer consists of a residential house on a spacious plot of land, situated just 50 meters from the Neris River in one of the greenest areas of Vilnius, Lithuania’s capital.
The property is conveniently located only a 10-minute drive from the city centre, located at Dubliškių St. 31, Vilnius.
The project owner plans to utilise the entire 578.74 m² house by developing 17 modern apartments, each with an average area of approximately 32 m². Additionally, 17 ground parking spaces will be constructed on the property. The primary focus of the project is rental income generation and future property realisation.
An independent appraiser has valued the combined land plot and residential house at EUR 849,000.
The estimated profit from the sale of all apartments is projected to be up to EUR 400,000.
The project owner is Fotomanija, UAB, led by Director Albertas Šlajus, who is actively involved in the real estate development. The project owner has successfully completed similar projects over recent years. Currently, the project owner is successfully implementing similar projects financed on the InRento platform – R34, Vilnius, Forest 22, Vilnius, and Bajorai 20, Vilnius.
In addition to regular monthly interest payments, these projects have shown significant repayment progress, highlighting their attractiveness and the project owner’s effective management.
Investors will receive a fixed monthly interest rate of 9.25% – 10.5% per annum, depending on the invested amount. Additionally, a fixed annual capital gains of 1.5% will be paid at the end of the project.
This raises the total project yield from 10.75% to 12% annual return.
The maximum duration of the project is just 15 months.